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the congressional leaders will be there with the president. good afternoon, everybody. i'm tyler mathisen, michelle caruso-cabrera is with us and eamonja javers is joining us. mary. >> tyler, we've been wait in see mode on wall street as investors react to any kind of signs or headlines that come out about possible progress on a deal, a mini deal is what traders are expecting now to avoid going over the fiscal cliff. basically we've been held in about 100 point range from the dow. it is midpoint. as you might expect on the second to last trading day, volume is light. 1 billion shares changed hands. on average we get about 3.2 billion every day. take a look at the vix. it's a measure of fear. yesterday popping above the 20 level. it is something we haven't seen in five months. it is above that right now but, again, it has come off its highs of the day. we do have some movement in the transports today, this in the wake of the news of that port strike has been averted, at least for another 30 days. that was impacting some of the truckers because there was concerns they wouldn't have some inventory to
're all over it "the kudlow report" starts right now. >>> welcome. i'm michelle caruso-cabrera in for larry kudlow. a lot happened in just the last couple of hours. >> michelle, there's considerably more optimism after the white house meeting between the president and the four bipartisan leaders than there was earlier in the day. mitch mcconnell and harry reid say they're going to come out and try to hammer out a bipartisan deal that can pass the senate with enough republican votes to convince the house to act and even president obama who had been concerned that they were not going to act and challenging them for an up and down vote said he was optimistic. here's the president after that meeting. >> i just had a good and constructive discussion at the white house with senate and house leadership about how to prevent this tax hike on the middle class and i'm optimistic we may still be able to reach an agreement that can pass both houses in time. >> now what would be in that mini deal? we're talking about tax increases for people at near the top of the income scale. the q
? some say yes, others say no. what does michelle caruso-cabrera say. >> tyler, let's drill down to the numbers you were talking about. only four hours to go until america goes over the fiscal cliff. the dow jones industrial average down 113 points. had been down 148 points. look at that as we come on the air back above 13,000 level, not by much. the nasdaq, the biggest decline. 33 points. below 3,000 now at 2957. actually, hasn't been below 3,000 before that. s&p lower by 14 points. a decline of 1%. 1405 so holding onto the 1400 level. president obama is back at the white house. all eyes are on senate lawmakers now. amam jabbers is in washington. >> reporter: president obama did cut his vacation short in hawaii. he has arrived back at the white house this morning. the president emerging from marine one. what he's going to work on here in washington is pretty much anybody's guess at this point. the senate came back into session this morning and senate majority leader harry reid took to the senate floor to explain that he thought a $250,000 and above extension of the tax -- bush t
by a group of folks who know firsthand what a big difference a helping hand can make. nbc's michelle franzen has more. >> reporter: at the amtrak station in new orleans, volunteers from nearby swidell hard hit by katrina are on a mission organizing and packing up pallets of diapers, shoes, and blankets. the second run of donations for hurricane sandy victims. residents and firefighters here paying it forward. >> specifically we were focused on trying to make it better for the kids up there. >> reporter: in addition to basic supplies, this so-called train of hope will be filled with holiday toys all bound for sandy's smallest victims. >> reporter: 30 hours later the train rolls into newark, new jersey's penn station. 27 pallets in all, half the toys go to the marine's toys for tots program. the rest end up here at engine 155 ladder 78 in staten island. >> our own version of the polar express. >> reporter: children of firefighters, kids who lost everything in sandy's wake get to pick out brand-new gifts. >> we lost a lot. he lost all his toys. so it feels good to be on the receiving end. >> es
for the global markets report. kelly evans is standing by in london. >> michelle, hello. >> you might be here 12-12-2110. >> i think the date is 1221? today is 12-12. 12-21 it when the world ends. i think we've only got nine days left of the global market report. >> i'm worried about the fiscal cliff -- once we get the world -- which is worse? the world ending or the fiscal cliff? >> about the same i think. >> one could bring about the other. >> i think it's no accident they're both approaching. that's how i'm going to read the tea leaves. as you see, a mixed picture this morning. people mostly waiting on the fed decision later today. the major boards green, the ftse adding .25%. the same for the xetera dax and idex. we saw the news of monti's resignation on monday. they've recovered from then. wanted to show the ibex 35, up .3% in spain. there was an italian debt auction that went over well. that's helping sentiment. the owner of zara, one of the strongest retailers in europe, out with sales. you see that their shares are down. even though their nine-month sales figure was up 17% year on year,
. michelle franzen stepping back in with more of what we know and still plenty we don't know. >> reporter: a lot we don't know, bill, but were starting to have some numbers and some details start to fit out in this last half hour. what we do know is that the governor of connecticut continues to meet with families who have been skywestered at the nearby family, many that rushed there in that initial hour after hearing about this shooting only to be told that they need to go over and wait over here and, of course, receiving the worst possible news. we're hearing as many as 18 children were killed today by that lone gunman who walked in, and we're also learning about the gunman, a 24-year-old who had evidently at this hour, what we know is that may have gone to that school targeting his mom who worked as a teacher there and entering the school and going to her classroom and opened fire. that's what we know the details right now as well as this community that is just beginning to mourn this tragic, tragic situation here as it unfolds. many other parents who rushed to the school today are bein
-profile blowup of a financial product invested in a pawn shop. cnbc's chief international correspondent michelle caruso-cabrera is here with more on why this could be the tip of the iceberg. >> a financial security known as a wealth management product. gone bust in china. here's the details. a group of investors in shanghai lost the equivalent of $22.5 million that they thought was going to pay them 11% interest in only one year. their money was supposedly invested in a pawn shop, two car dealerships and entertainment ven urg. these investors were supposed to get their principal and whopping interest payment in november. instead, they got zero and started protesting in front of the bank for days. the situation is raising alarms with regulators over there because these wealth management products, wmps as they are nope, are so widespread. more than $2 trillion worth in the chinese bank is system. that's equal to 14% of all deposits in chinach the chinese buy them because they pay way more in interest than cds and savings account. analyst are worried that this failure is tip of the iceberg, more on
to work lou: michele obama saying that voter suppression was in full force. in so many states around the country. the first lady, however citing a specific, and it prompted judicial watch president to issue the following statement. this is obama's accusations about minority votes. it shows a dangerous disregard for the truth. we are aware of no evidence of voter suppression. by the way, we have not heard from the justice department one thing at all, mr. eric holder's historthat we certainly would have if there had been any incidents of voter suppression. our next guest defenses state's top voter id law. saying that it is a paramount issue of importance that we protect the electoral process and ensure that voter fraud is eliminated. joining us now is alan wilson, attorney general of south carolina. great to have you with us. what is your reaction to what the first lady hado sy? >> obviously, i disagree with the first lady. in every state i have looked back, more specifically georgette and indiana, one is a section five state and the other is not. when they have passed laws requiring p
the price is good for the economy? managing director and senior economist michelle girard in the hot seat. let's separate the market and the economy. right now we will talk about the economy. falling later with enough time to listen to what he was saying. nevertheless is anything you heard today good for the economy? >> will it help the economy, i don't think so. not that there isn't enough dollars in the system, interest rates are low enough, obviously the fed is taking action to provide support for the economy, doing so for years, the economy hasn't gotten a lot better. and so unfortunately i don't expect this round of bond buying will have a more impact than the last two rounds have had. liz: but he specifically said when he announced the open-ended purchases for mortgage-backed securities now treasury, he specifically said my number one focus right now is shoring up the job market. how can that be good for the economy? >> it would be if the action helps businesses feel more confident about hiring. that is a problem, it won't necessarily help labor market. companies are sitting on cash
. both michelle obama and bill clinton were nominated in the category best spoken word album. good for them. yeah. yeah. true story. michelle was nominated for the audio version of her book american grown, and bill clinton was nominated for the audio version "50 shades of gray." >> "early start" continues right now. >>> breaking news near tokyo. a powerful earthquake hit off the coast. a tsunami warning issued. and then lifted. we go live to japan straight ahead. >>> and the "new york post" photographer who took the picture of the man on the subway tracks before he was hit sits down to tell us his side of the story. we'll hear from him this hour. >>> and imagine a professional football game without kickoffs. it's just one of the suggestions to improve the safety of the game for players. details this hour on cnn. >> i'm curious as to how everybody feels about that. >> welcome to "early start." i'm christine roman by devastating tsunami that killed 15,000 people and caused widespread damage. the tsunami this time hit a place called -- or near a town almost totally devastated in the 2
fantasy team. lou: michele obama saying that voter suppression was in full force. in so many states around the country. the first lady, however citing a specific, and it prompted judicial watch president to issue the following statement. this is obama's accusations about minority votes. it shows a dangerous disregard for the truth. we are aware of no evidence of voter suppression. by the way, we have not heard from the justice department one thing at all, mr. eric holder's history that we certainly would have if there had been any incidents of voter suppression. our next guest defenses state's top voter id law. saying that it is a paramount issue of importance that we protect the electoral process and ensure that voter fraud is eliminated. joining us now is alan wilson, attorney general of south carolina. great to have you with us. what is your reaction to what the first lady had to say? >> obviously, i disagree with the first lady. in every state i have looked back, more specifically georgette and indiana, one is a section five state and the other is not. when they have passed laws requir
to you. >> michelle, we had a big debate before the show whether or not the "times" added anything new, other than grtheir granularity. >> you didn't see any direct lines drawn from what was happening in mexico to any current executives at this point. this article did not even mention eduardo castro, who was head of walmart-mexico at this period of time, and who is definitely one of the people in focus at this time. but i think the granularity adds a lot to the picture. do you think the stock is going to move very much, guys, when it opens? i'm not so sure. it doesn't necessarily draw a direct line to any current executives at this point. >> david, you know them well. hard to draw the line. >> it is. and this thing is going to unfold for quite some time. i thought when they did the additional 80,000-word story, they pretty much said everything, but i guess they wanted to come back to it. great reporting on the part of "the new york times." today's anecdotes about the store right there, very interesting. we'll see. as we all know, the stock had a historic rally after that story. >> the
of america merrill lynch global research senior research economist michelle mire and we'll talk through everything that's been happening through jobs and what to expect. but first, there is a developing story. an earthquake off the northeast coast of japan triggered a tsunami warning. the warning has been lifted, but it was a 7.3 quake. so far no reports of any injuries or damage. it was for the same area devastated by an earthquake and tsunami back in march of last year. we will continue to bring you any developments. in the meantime, steve has some of the morning's top other stories. >> let's start with the markets. asian stocks rallying to 2012 highs overnight. the nikkei edging lower after hitting a se hitting hitting a seven month closing high yesterday. european trading, shares seem to be fwllat. bundesbank announced it had cut its growth outlook for the country. in the u.s., the nasdaq snapped its losing streak yesterday with its first gain in five days. the dow was on pace for its third straight weekly gain. u.s. equity futures at this hour -- we don't have them. maybe joe has t
us for more, michelle kozinski. good to see you. give us a sense of the scale of international media. i don't think i've seen a paper this morning from around europe that hasn't got their picture on the front pain. >> right. you can't dozen it that this is huge global news. all over the tabloid press, magazines, fwgossip columns sin the day they've walked down the aisle. so even though you felt like you needed to give a bit of a disclaimer there since it's a morning show you felt it right that you you should mention it, but you can't deny this is big. minutes after the announcement was officially made by the palace yesterday afternoon, there were photos, composite photos that were being compiled online. imagining what this child will look like. there was immediately a twitter handle called i am royal baby. around the u.s. where of course we know the royal family is enormously popular, cities around the country are asking for live shots from london. this is just one of those things that gives people something to pay attention to. and it is happy news, although it does come with the un
you a video posted online by president obama this morning. at 7:17 a letter first lady michelle obama wrote to the people of newtown, connecticut and then at 7:45, the nr will have a press -- nra will have a press conference. >>> john boehner is speaking at the capitol. we're there live. here is taking questions at a live news -- from a live news conference. >> are you willing to give the president a proposal -- >> the president and i had a series of conversations. i told the president on monday. these were my bottom lines. the president told me that his numbers of 1.3 trillian in new revenues, 830 billion in spending cuts was his bottom line. and he couldn't go any further. so we see a situation where because because of the political divide in the country -- where because of the political divide in the country, trying to bridge these differences has been difficult. if it were easy, this could have been decades before, i guarantee you. but we have to find a way to address this significant spending problem that we have and we need to find a way to begin to grow our economy in a way th
of work or underemployed. is this a real recovery? michelle girard joins us now. thank you for joining us. >> when you see people get excited about this number or the fact it is higher than expectations, it reminds you we have gotten used to this new normal where we are not producing the number of jobs that it would take to get back to employment numbers where we were before the recession. i agree. we have gotten so that we share 7.7% unemployment rate. historically, that would have been something we saw really just during recessions. i do think that the economy can do better. i think we know that companies, i do still believe, our sideline, they are hesitant based on the uncertainty associated with washington and the economy. they have actually probably fallen a bit behind on the hiring they need to do. i do think we can do better than this. melissa: if we cut that this rate, it would take us nine years. is there anything we could be doing better? >> i know everybody says this, but i do think it is true. it is more certainty. if we get, not just a fiscal term agreement, a longer-term dea
to smoke cigarettes and you know michele with those pythons will choke him. golf with me. put your ssice. sigrid's service agent. he has that chesterfield no filters, and we will negotiate this will smoke and a few paxson and a comeback. that's how they are negotiated. lou: and as he said, we will come back and continue this negotiation in just moments. stay with us. ♪ having you ship my gifts couldn't be easier. well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, si that is a customer. oh...sorry about that. [ male announr ] break from the holiday stress. fedex office. now is a good time to tnk about your options. are you looking for a plan that really meets your needs and your budget? as you probay know, medicare only covers about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthce inrance company. like all standardized medicare supplement plans, they cover some of what medicare doesn't pay. and could save you in out-of-pocket medical costs. call toda
barack because he loves to smoke cigarettes and you know michele with those pythons will choke him. golf with me. put your ssice. sigrid's service agent. he has hat chesterfield no filters, and we will negotiate this will sme and a few paxson and a comeback. that's how they are negotiated. lou: and as he said, we will come bak and continue this negotiation in just moments. stay with us. stay with us. ♪ before copd... i took my son fishing every yea we had a great spot, not easy to find, but worth it. but with copd making it hard to breathe, i thought those days might be over. so my doctor prescribed symbicort. it helps significantly improve my lung function starting within five minutes. symbicort doesn't replace a rescue inhaler for sudden symptoms. with symbicort, today i'm breathing better. and that means...fish on! symbicort is for copd including chronic bnchitis and emphysema. it should not be taken more than twice a day. symbirt may increase your risk of lung infections, osteoporosis, d some eye problems. tell your doctor if you have a heart condition or high blood pressure before
because he loves to smoke cigarettes and you know michele with those pythons will choke him. golf with me. put your ssice. siid's service agent. he has that chesterfield no filters, and we will negoiate this will smoke and a few paxson and a comeback. that's how they are negotiated. lou: and as he said, we will come back and continue this negotiation in just moments. stay with us. ♪ john is 42. mortgage. married. two great kids. he wants to otect his family with a $500,000 term life insurance policy. what do you think it'll cost him? a hundred dollars a month? forty? actually none of the above. john can get a $500,000 policy -from a highly rated insurer - for under $25 a month. his secret? selectquote. selectquote is impartial. they'll search the pick of insurers like these to give you a choice of your best prices. selectquote has great savings on term life for women, too. john's wife carrie, can get a $500,000 policy for under $16 a month. selectquote has helped make term life insurance affordable for hundreds of thousands of people since 1985. how about you? just call this number or v
is boehner. the way he should get barack because he loves to smoke cigarettes a you know michele with thosepythons will choke him. golf with me. put your ssice. sigrid's service agent. he has that chesterfield no filters, and we will negoiate this will sme and a few paxson and a comeback. that's how they are negotiated. lou: and as he said, we will come back andontinue this negotiation in just moments. stay with us. stay with us. ♪ [ malennouncer ] it's tt time of year again. time for citi price rewind. because your daughter really wants that pincastle thing. and y realldon't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it findone, you get refunded the difference. just use your citi card and register yo purchase online. have a super sparkly day! ok. [ male announcer ] now all youeed is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. can i still ship a gift in time r christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the hiday stress. ship f
cigarettes and you know michele with those pythons will choke him. golf with me. put your ssice. sigrid's service agent. he has that chesterfield no filters, and we will negoiate this will smoke and a few paxson d a comeback. that's how they are negotiated. lou: and as he said, we will come back and continue this netiation in just moments. stay with us. stay with us. ♪ you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps bck stomach acid from splashing up- relieving the pain quickly. try fast,ong lasting gaviscon®. to the number 1 club in the world. the poteial of manchester united unlocked. nyse euronext. unlocking the world's potential. ♪ lou: back with the a-team, and i want to turn, if i may, to george zimmerman suing nbc because of the outrageous job of editing, they did, in my opinion, outrageous, clearly, intentional. what do you think the chances of are prevailing? >> oh, damn good because nbc, says, oh, oh, the videographer, audio, video edit, it's, you know, he just s
for the economy. michelle myers joins us on set for the rest of the hour. michelle, is this the best we can do, 2.1%, something growth like this? >> yeah. we're looking for pretty slow growth, as well. for q4, we're tracking just above 1%. retail sales were above expectations. the trade data was supportive of q4 growth. we're ending the year on a soft note and heading into early next year, a lot of it will be driven by what we get out of washington. we're in the camp that we're going to have some significant austerity hits early next year. so personal income is going to set lower. consumer spending is going to struggle a bit. it will be offset from rebuilding of sandy, perhaps some clarity around the fiscal cliff if we get some resolution will help business investments. >> and to this point, it's been the consumer holding it up. if consumer spending starts to slow down, do they pull in the reins, anyway? >> that's the key question. if you think that businesses have cut even above and beyond that was needed giveng the trends and demand, you would argue there is pent up demand. but if you think tha
. is this the canary in the coal mine for a chinese banking crisis? our michelle michelle caruso-cabrera is here with more. >> we're absolutely raising a red flag about a potential blowup within the chinese banking system. a financial product sold to investors in shanghai last year which was supposed to pay interest between 11% and 13% in one year, when it came due in late november, investors got zero, nothing. they lost both principle and interest. $22.5 million worth in total. the money was supposed to be invested in a pawnshop, two car dealershi dealerships, and entertainment venue. the investors who claimed they were told the product was risk free protested in front of the bank for days. those protests made headlines across the country. analysts believe this is the first time this type of product known as a wealth management product or a wmp has gone bust and so publicly. wealth management products are wildly popular in china because investors get higher interest rates than from savings accounts or cds. remember, the government controls interest rates in china. right now they're below the ra
predictions report and expect to see a rapid level of cyber-threats in the coming year. michele is the privacy officer of mcafee. good morning. >> good morning to you. >> strikes me as we all go mobile, talk about opening a new doorway for thieves and criminals to enter, what does that mean for threats in the new year? >> it's really interesting. mobile is one of the places we're seeing a lot of new attacks. there's a couple deficit vectors for the attacks. the bump and steal attack. nfc, how you do mobile wallet. crooks are able to walk through crowds and literally bump into your phone and steal information from your phone. that's one of the attacks. the other thing is your telephone has turned into a powerful computing device and like you protect your pc and other devices, you need to think about protection on the phone itself from traditional hacking exploits. >> one of your predictions is a new mobile worm will go on a major shopping spree. you said digital wallet, you mentioned them already. we're getting used to paying with square or new google wallet. they have to be in some way putting
michele and i will do what i know every parent in america will do, which is under our children and little tighter and tell them that we love them and will remind each other how deeply we love one another. our families in connecticut who cannot do that tonight who need all of us right now, in the hard days to come the community needs to be in our best as americans, and i will do everything in my power as president to halt because while nothing can fill the space of all lost child of one, all of us can extend a hand to those in need to remind them that we are there for them, that we are praying for them, that the love they fell for those they lost in door's not just in their memories, but also an hours have. may god bless the memory of the victims. and in the words of the scripture, heal the broken hearted and lined up their wounds. liz: president obama speaking about the mass shooting in connecticut saying, our hearts are broken, children's innocents torn away from them. eighteen children, a tiny children ages 5-10 all killed by a gunman. these children, the president said, are our childre
. the e-mail address is real. the twitter thing i'm less -- >> he was actually e-mailing with michelle cabrera -- >> what's weird about his tweets? >> he's tweeting. he's tweeting it all. he's big on apple. >> and he -- >> he said he went on, i'll pick it up -- >> he doesn't have a social person like we have here telling me to tweet? he -- someone could be telling him he needs to tweet every day now. >> correct. >> might be him. he might have just started tweeting, right? >> he was using hash tags right away. >> i never used a hashing to. >> it seemed like he knew what he was doing. >> robertson writes, "refuses to retire, go to court, or abandon my tiger cubs. author and husband who just misses his life partner. salisbury, north carolina." you would think that's him. has picture and everything there. >> you would. >> i mean, how could anybody know that about him or get his picture? >> right. >> yeah. that could easily do that, but it would be mean to talk about life partner. >> he says apple is the stock of 2013. one of his tweets. mentions maria bartiromo, says did an interview with
right. thanks for that. that's the latest. meanwhile president obama and michelle obama paid tribute to this year's recipients of the kennedy honors. they're recognized for contributions to the arts. >> when the brits in additionally kept their distance, led zeppelin grabbed america from the opening. we were ready for what jimmy called songs with a lot of light and shape. it's been said that a generation of young people survived teenage angst with a pair of head phones and a zeppelin album and a generation of parents wondered what all that noise was about. >>> in the united states today, november ism manufacturing index out at 10:00 eastern. forecast for a reading of 51. also october construction spending. expected to rise half a percent. and james bullard speaks about the monetary policy at 1:40 p.m. a pretty light day for earnings. look for results from pep boys. they are after the close. as far as u.s. futures are concerned right now, we are implied for an upward start. s&p 500 called up 1.5 points, nasdaq 20. dow has been down last two months #%. nasdaq up about 1%. s&p up 0.3%.
. >>> 8:20. a stern warning from the judge to the woman convicted of killing nursing student, michelle le. the reason he says giselle esteban may never be paroled. -what's up? i'm chris. -and i'm erik. both: we're the fruit guys! back in 1998, we had this idea to deliver fresh fruit to offices in downtown san francisco. we built these wooden crates, filled these with fruit in my one-bedroom apartment. the fruit guys has been with bank of america since they first started. we work with them to help them grow and succeed. we're coming up on 50 employees and delivering to thousands of companies every week. i would definitely say this is a fruitful business. >>> a judge warned giselle esteban that she may never be patrolled if she can'ts to show lack of remorse. yesterday, she was sentenced from 25 years to life in prison. saying he had never seen so much evidence of premeditation on a case braced on circumstantial evidence. prosecutors say esteban planned le's killing for months and waited for her in a hospital parking lot for hours before attacking le back in may 2011. >> we always felt seei
on traditional sales, toy sales this holiday season? we will find out. michele executive ways in next. tracy: little kids once these. first, let's look at today's winners and losers as we head to break on the nasdaq, green mountain coffee rose to uptalk for buying watches up 3% today. we will be right back. [ male announcer ] how do you trade? with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at scottrade, seven dollar trades are just the start. try our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'm with scottrade. tracy: president obama's fiscal proposal has a dramatic change that will bring in tens of billions of dollars into the government and the fact tens of millions of americans including fifty-six million social security beneficiaries. it is not about tax hikes. liz macdonald is more with the bottom line. this is about fuzzy accou
to bring in michelle caruso-cabrera as markets close in the uk and across europe. a lot going on. a lot in italy. >> it's an all-italian version of the european close right now, carl. mario monti, contrary to reports last week that he did not want to run for prime minister again, we now hear he's undecided, and may actually run for p.m. of the country. right now he serves technocratically. there's expected to be an election early next year, maybe in february or in march. he has told reporters that he's considering it. the cabinet member he spoke with earlier in the week said he's going to make an announcement sometime this week on television. when asked by reporters about his recent visit to the tomb of saint francis he said he did, indeed, pray there to help him make a decision about whether or not to run. a man eagerly awaiting monti's decision is silvio berlusconi, the former prime minister of italy. we're pretty sure he has not prayed at the tomb of st. francis lately. he has said that he devil wants to be run for prime minister again however at the same time he's also made noises t
to new allegations of bribery at its mexican affiliate. michelle caruso cabrera has the details. >>> and then what's christmas without some of the finest chocolates of the world? still ahead. ♪ [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 c250 for $349 a month at your local mercedes-benz dealer. at your local wooohooo....hahaahahaha! oh...there you go. wooohooo....hahaahahaha! i'm gonna stand up to her! no you're not. i know. you know ronny folks who save hundreds of dollars switching to geico sure are happy. how happy are they jimmy? happier than a witch in a broom factory. get happy. get geico. fifteen minutes could save you fifteen percent or more. >>> welcome back, everyone. in our headlines this morning would be toyota will pay about $17.4 million in civil penalties. toyota failed to report a safety defect. this is the fourth time in the last two years that toyota has been fined like this. toyot
by a picture of him embracing first lady michelle obama. aside from the u.s. election, other major events this year included the summer olympics, the super bowl, and superstorm sandy. a tongue twister. celebrities also packed a punch for twitter user. justin bieber, of course, held the title of most re-tweeted before obama's. news of whitney houston's death in february generated more than ten million mentions. humbling. >> i think boris yeltsin at the opec got hit -- >> his tweets or pictures -- >> i'm not sure why he got caught in the zip wire. >> right. right. and him at the opening ceremonies dancing awkwardly. >> him -- him at the opening ceremony got a huge amount of response. >> as it should. we want to know what your favorite tweet, hash tag, or tui tweet, pic -- i hate myself for those terms. get in touch by e-mail, worldwide@cnbc.com. you can also tweet us, @cnbcwex. >>> ahead, north korea held a rocket launch but the international community is hardly impressed. we'll have reaction in a few minutes. >>> welcome back to "worldwide exchange." here are the top three stories trending
of escape for christmas in italy. >> oh, yes, yes. it never ends over there. >> thanks, michelle. happy holidays to you. >>> we'll take a look at what is moving on this shortened day. >> going to ring the closing bell, we'll chat with him about the music business. the big debate is, is there a plan c for the whole fiscal cliff issue? never mind the pundits and the jokes. plan c doesn't stand for canada. the brief outline, the choices are getting narrow and not that hard to figure out. put up what that plan c looks like. the one on the table is still the old plan a. president obama's offer to raise taxes on the top 2%, restore the bush era tax cuts for the rest of us. yes there is talk about putting in spending cuts, raising medicare eligibility and changing the inflation measure for social security but that is still the one on the table. then there is the alternatives. the house passing that existing senate bill that's out there that would raise taxes on the top 2%. that doesn't include sequestration though. sequestration could happen so they have to either let it happen or insert some
by allies that are committed to actually backing his reforms. michelle caruso-cabrera joins us on set. you can see that andrew was taking some shots. >> a new camera. >> i'm so used to it wherever i go. andrew, we've got the fire behind you. >> it's summer cute. >> the sweater. >> yeah. >> but it's an orange -- i don't understand why it's orange. it's hal weeb. >> it's a red sweater. >> look at it. i know it's coming a little bit orangey. >> on tv. >> okay. >> lovely. thank you. love the guys in the control room. >> so here's italy. silvio berlusconi. your intro was about mario monti which is all true. silvio berlusconi, the former prime minister of italy -- >> my favorite. >> thank goodness for silvio berlusconi. >> look at his hair. what is he, 76? >> 76. he just sat down with cnbc italy over the weekend. silvio berlusconi says he does not want to run for prime minister, but, he is obligated to, because the country needs him so desperately. he is the only one that can bring together 40% of the people who vote for him, so that way the left does not control italy. >> he could not get 40%,
of civilian employees, what about the sequester going forward. michelle? >> hampton pearson from d.c. the phrase fiscal cliff topping the words to be ban issued this year. that brings us to this morning's squawk on the tweet. what other phrases should be banned and why. remember, keep it clean. we've got your responses throughout the morning. >> or don't, right? >> or don't. we'll clean it. >> when we come back, unquestionably one of the most mentioned stocks in 2012, for good and bad reasons. yeah, apple, posting gains of almost 30% for the full year. we'll find out what the new year could hold for the iconic company and its stock when we return. elcome to chevy's year-end event. so, the 5.3-liter v8 silverado can tow up to 9,600 pounds? 315 horsepower. what's that in reindeer-power? [ laughs ] [ pencil scratches ] [ male announcer ] chevy's giving more. now through january 2nd, no monthly payments until spring for qualified buyers. get the silverado for 0% apr financing for 60 months plus $1,000 holiday bonus cash. plus trade up for an additional $1,000 trade-in allowance. [ male
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